Best Balance Transfer Cards of 2024
5.0
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
On Wells Fargo's Website
Welcome Bonus
N/A
Annual Fee
$0
Intro Balance Transfer Period
21 months from account opening on qualifying balance transfers
Regular APR
18.24%, 24.74%, or 29.99% Variable APR
Our Expert Take
The Wells Fargo Reflect® Card extends an intro APR offer on both purchases and balance transfers so you don’t have to choose.
What We Like
This card gives the gift of time: You have a generous 120 days to initiate balance transfers under the promotional rate and have a full 21 months to pay things off at 0% APR.
What We Don’t Like
Fees are high on this card, both for balance transfers and for ongoing APR after the introductory period is over.
Who It’s Best For
This card is best for someone who will use the 0% window and be able to pay off their balance before interest is charged.
Pros & Cons
- Generous introductory APR period for purchases and qualifying balance transfers
- $0 Annual Fee
- No rewards program or welcome bonus
- Balance transfer fee: 5%, min: $5
- 3% Foreign transaction fee
Card Details
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. 18.24%, 24.74%, or 29.99% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate, BT fee of 5%, min $5.
- $0 Annual Fee.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
- Through My Wells Fargo Deals, you can get access to personalized deals from a variety of merchants. It’s an easy way to earn cash back as an account creditwhenyou shop, dine, or enjoy an experience simply by usingan eligibleWells Fargo credit card.
N/A
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best for No Frills Balance Transfer
U.S. Bank Visa® Platinum Card *
5.0
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
No Rewards
The U.S. Bank Visa® Platinum Card does not offer rewards on purchases.
Welcome Bonus
N/A
Annual Fee
$0
Intro Balance Transfer Period
21 billing cycles
Regular APR
18.74% - 29.74% (Variable)
Our Expert Take
The U.S. Bank Visa® Platinum Card* keeps things basic but provides plenty of time to pay down balance transfers so you can focus on what’s most important.
What We Like
Cardholders can optionally choose to start an ExtendPay Plan in order to create a predictable fixed monthly payment instead of variable costs.
What We Don’t Like
This card is light on benefits and doesn’t earn any rewards.
Who It’s Best For
The card’s mainstay is its 0% APR offer, so it’s best for someone who needs and will use that extended window to pay down their balance.
Pros & Cons
- No penalty APR
- Long intro APR period
- Cellphone protection coverage is a handy benefit
- Balance transfer fee applies
- No rewards program
- No welcome bonus
- Foreign transaction fee
Card Details
- Up to $600 cell phone protection (subject to $25 deductible) against damage or theft when you pay your monthly phone bill with your card. Terms, conditions, and exclusions apply
- Ability to choose a payment due date that fits your schedule
- No annual fee
- Introductory APR offer
N/A
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
4.5
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
On Citi's Website
Up to 2% Reward Rate
First, you earn 1% unlimited cash back on every purchase you make. Then, as you pay for those purchases, youRead More
Welcome Bonus
Earn $200 cash back
Annual Fee
$0
Intro Balance Transfer Period
18 months on Balance Transfers
Regular APR
19.24% - 29.24% (Variable)
Our Expert Take
Even after your introductory APR period ends, the Citi Double Cash® Card is a keeper thanks to its excellent cash-back rewards program.
What We Like
This card comes with rewards that make it a keeper for the long haul so you don’t need to shop for a new card after a year or two.
What We Don’t Like
The introductory APR offer does not extend to new purchases.
Who It’s Best For
This card is great for anyone who appreciates flat-rate cash-back rewards and needs a balance transfer offer.
Pros & Cons
- Earn up to 2% cash back—1% when the purchase is made and 1% when payment is made on the account
- No cash-back cap—no limit on the amount of cash back that can be earned
- No annual fee
- Introductory APR period for balance transfers
- Foreign transaction fee
- Balance transfer fee
- Lack of benefits seen in other no annual fee cards
- No introductory 0% APR on purchases
Card Details
- Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
- Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.
- Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 19.24% – 29.24%, based on your creditworthiness.
- Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
- If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
- There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Balance Transfer Credit Card for Long Transfer Window
Citi® Diamond Preferred® Card *
4.8
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
No Rewards
The Citi® Diamond Preferred® Card does not offer rewards on purchases
Welcome Bonus
N/A
Annual Fee
$0
Intro Balance Transfer Period
21 months on Balance Transfers
Regular APR
18.24% - 28.99% (Variable)
Our Expert Take
The outstanding introductory APR period on balance transfers makes the Citi® Diamond Preferred® Card* a solid choice even though its intro APR offer for new purchases is average.
What We Like
You have a full four months to transfer a balance and still qualify for 0% financing.
What We Don’t Like
Fees, interest rates after the promotional period and penalty rates on this card are uncompetitive.
Who It’s Best For
This card is best used as a short-term tool to finance a purchase or transfer a balance, so it’s only good for someone who needs a bridge.
Pros & Cons
- $0 annual fee
- Lengthy introductory APR offer on balance transfers
- 0% intro APR period for new purchases
- 3% foreign transaction fee
- No rewards program
- High variable APR when introductory period ends
Card Details
- Free online access to your FICO® Score
- Citi Entertainment®, get special access to purchase tickets to thousands of events
- $0 liability on applicable unauthorized charges
- Mastercard® ID Theft Protection™ included
N/A
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Balance Transfer Card for Choosing Your Own Rewards
Bank of America® Customized Cash Rewards credit card
On Bank of America's Website
4.3
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
On Bank of America's Website
Choose your 3% category
Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up toRead More
Welcome Bonus
$200
Annual Fee
$0
Intro Balance Transfer APR
0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days
Regular APR
18.24% - 28.24% Variable APR on purchases and balance transfers
Our Expert Take
The Bank of America® Customized Cash Rewards credit card offers cash-back rewards with no annual fee which makes this an excellent card even if you don’t need the balance transfer offer.
What We Like
Cardholders can earn generous cash-back rates on less common spending categories, like online shopping or home improvement.
What We Don’t Like
In order to maximize cash back, you’ll have to stay on top of selecting your earning categories. You’re also limited on how much you can earn in your choice category.
Who It’s Best For
This is a dependable choice for someone who wants to earn cash rewards even after their 0% APR period ends.
Pros & Cons
- Bank of America Preferred Rewards clients earn 25% to 75% more cash back
- Decent rewards earning potential
- Option to change 3% bonus category monthly
- Bonus rewards have quarterly caps
- High balance transfer fee
- Foreign transaction fee
Card Details
- $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
- Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
- Choose 3% cash back on gas and EV charging station, online shopping/cable/internet/phone plan/streaming, dining, travel, drug store/pharmacy or home improvement/furnishing purchases.
- If you’re a Bank of America Preferred Rewards® member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
- No annual fee and cash rewards don’t expire as long as your account remains open.
- 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% – 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
- Contactless Cards – The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
4.3
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
On Discover's Website
Up to 5% Reward Rate
Earn 5% cash back on everyday purchases at different places each quarter like grocery stores, restaurants, gas stations, and more,Read More
Welcome Bonus
Cashback Match™
Annual Fee
$0
Intro Balance Transfer Period
15 months
Regular APR
17.24% - 28.24% Variable APR
Our Expert Take
The intro APR offer on the Discover it® Cash Back is good on new purchases as well—and you’ll earn cash back on those purchases with Discover’s signature match to double your earnings in the first year.
What We Like
It’s great to find a card that offers an introductory APR and a welcome bonus all in one.
What We Don’t Like
The rotating 5% cash-back categories require cardholders to activate the offer and watch for spending limits.
Who It’s Best For
Someone shopping for a card to hold for years could find this one a good fit due to ongoing rewards on top of new cardholder benefits.
Pros & Cons
- 5% cash back on quarterly rotating spending categories throughout the year (activation required)
- Discover will automatically match all the cash back you’ve earned at the end of your first year
- No minimum cashback redemption
- 5% bonus cashback rate is limited to $1,500 per quarter in spending
- Bonus categories must be activated quarterly
- Low 1% base reward rate on everything else
Card Details
- INTRO OFFER: Unlimited Cashback Match for all new cardmembers – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
- Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically.
- Redeem your rewards for cash at any time.
- Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
- Get a 0% intro APR for 15 months on purchases. Then 17.24% to 28.24% Standard Variable Purchase APR applies, based on credit worthiness.
- No annual fee.
- Terms and conditions apply.
INTRO OFFER: Unlimited Cashback Match for all new cardmembers – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Balance Transfer Card for Students
Bank of America® Customized Cash Rewards credit card for Students
On Bank of America's Website
4.3
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
On Bank of America's Website
Choose your 3% category
Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up toRead More
Welcome Bonus
$200 cash rewards bonus
Annual Fee
$0
Intro Balance Transfer APR
0% Introductory APR for 15 billing cycles for any balance transfers made in the first 60 days
Regular APR
18.24% - 28.24% Variable APR on purchases and balance transfers
Our Expert Take
Most student cards don’t offer balance transfer promotions, but the Bank of America® Customized Cash Rewards credit card for Students does (while also offering great rewards at no annual fee).
What We Like
This card is almost identical to the non-student version, meaning someone new to credit can enjoy the same benefits even without a long or strong credit history.
What We Don’t Like
Getting used to 0% APR could be a slippery slope for someone who doesn’t have responsible credit habits already established.
Who It’s Best For
This cash-back card is best for students looking for a combination of 0% APR, ongoing rewards and even a welcome bonus.
Pros & Cons
- Free FICO® Score access
- Intro APR offer with a generous term
- Competitive cash-back reward rates
- Solid welcome bonus
- 3% foreign transaction fee
- Higher penalty APR applies to late payments
Card Details
- $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
- Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
- Choose 3% cash back on gas and EV charging station, online shopping/cable/internet/phone plan/streaming, dining, travel, drug store/pharmacy or home improvement/furnishing purchases.
- No annual fee and cash rewards don’t expire as long as your account remains open.
- 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% – 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
- When handled responsibly, a credit card can help you build your credit history, which could be helpful when looking for an apartment, a car loan, and even a job. Access your FICO® Score for free within Online Banking or your Mobile Banking app.
- Contactless Cards – The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Balance Transfer Card for Late Fee Forgiveness
Citi Simplicity® Card *
4.8
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
No Rewards
This card does not earn rewards
Welcome Bonus
N/A
Annual Fee
$0
Intro Balance Transfer Period
21 months on Balance Transfers
Regular APR
19.24% - 29.99% (Variable)
Our Expert Take
With no late fees or penalty rates, the Citi Simplicity® Card* is designed for those who are still trying to establish good habits while paying off their balance.
What We Like
New card members can take advantage of reduced balance transfer transaction fees in addition to the 0% APR.
What We Don’t Like
The 0% APR offer on new purchases is a shorter timeline than it is for balance transfers, which is easy to overlook.
Who It’s Best For
While we encourage everyone to pay on time, the lack of late fees could provide peace of mind to someone with a few mistakes in their past.
Pros & Cons
- No late fees
- No penalty APR
- No annual fee
- Intro APR offer on purchases and balance transfers
- High regular APR
- No rewards program
Card Details
- No late fees or penalty rates
- No annual fee
- Introductory APR offer
- No liability on unauthorized charges
N/A
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best for Rewards and Additional Benefits
Chase Freedom Flex℠ *
4.3
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
Up to 5% Reward Rate
Earn 5% cash back in categories that rotate quarterly on up to $1,500 when enrolled, 5% on travel purchased throughRead More
Welcome Bonus
$200 bonus + 5% on Gas and Grocery (excluding Target and Walmart)
Annual Fee
$0
Intro Balance Transfer Period
15 months
Regular APR
20.49% - 29.24% Variable
Our Expert Take
The Chase Freedom Flex℠* is well-loved for its combination of rotating bonus categories, solid welcome offer and introductory APR.
What We Like
There are standout earning rates on a variety of spending categories on top of its rotating offers to help you earn on travel, dining and drugstore purchases.
What We Don’t Like
Like other 5% cash-back cards, your earning potential is limited by a maximum spending amount each quarter.
Who It’s Best For
The Freedom Flex is even better when paired with other Chase Ultimate Rewards® cards so that you have access to additional award options.
Pros & Cons
- No annual fee
- Rotating quarterly categories earn 5% rewards when activated, up to a combined quarterly $1,500 maximum
- Travel rewards rate rivals some of the best premium travel cards
- Generous rewards rate in several other categories
- Travel bookings must be made through Chase Travel℠ to earn 5% cash back
Card Details
- Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. Plus, earn 5% cash back on combined gas station and grocery store purchases (excluding Target and Walmart) on up to $12,000 spent in the first year
- 5% cash back on up to $1,500 in categories that rotate quarterly (requires activation), 5% on travel purchased through Chase Travel℠, 3% on dining and drugstores and 1% on all other purchases
- No annual fee
Earn a $200 bonus after spending $500 on purchases in your first 3 months from account opening, plus earn 5% cash back on combined gas station and grocery store purchases (excluding Target and Walmart) on up to $12,000 spent in the first year
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best for Auto Deductible Reimbursem*nt
State Farm Good Neighbor Visa® Card *
4.3
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
Welcome Bonus
N/A
Annual Fee
$0
Intro Balance Transfer Period
18 billing cycles
Regular APR
19.24% - 29.24% variable
Our Expert Take
Get peace of mind with the State Farm Good Neighbor Visa® Card*, which offers an auto policy deductible reimbursem*nt if you need to make a claim after making qualifying purchases.
What We Like
This card bundles a few extra benefits like its signature deductible reimbursem*nt and cellphone protection without charging an annual fee.
What We Don’t Like
Though auto deductible reimbursem*nt is intriguing, most people won’t use this—and it caps out at only $200, which might not cover your full deductible anyway.
Who It’s Best For
The card is best for someone who is also interested in 0% APR on new purchases, especially since there’s a minimum number of transactions required to qualify for deductible reimbursem*nt claims.
Pros & Cons
- No annual fee
- Introductory APR on balance transfers and purchases
- Auto deductible reimbursem*nt, extended warranty and travel emergency assistance benefits
- No rewards
- Benefits are mostly related to regular travel purchases and not balance transfers
- 3% of the amount of each transfer or $5 minimum, whichever is greater
Card Details
- No annual fee
- Cell phone protection
- Low introductory offer
N/A
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
